President Barack Obama has signed a bill that continues funding for the federal government for the next two weeks, until March 18.

President Barack Obama has introduced his budget proposal, touting investments in ideas that will "out-build and out-innovate and out-educate, as well as out-hustle" the rest of the world. He delivered his budget plans at a middle school in Baltimore on Monday.

Governor David Paterson says 898 state workers will receive layoff notices, a move that has angered unions that didn't expect job losses before the end of the year. Paterson says the layoffs will be concentrated in several agencies, including the Departments of Corrections and Parks and the State Police.

Lawmakers finally completed the over-four-months-late state budget on Tuesday evening.

New York Gov. David Paterson is once again threatening to call lawmakers into a special session, to finish the state budget, which is now 15 weeks late, and other unresolved issues.

Gov. David Paterson has proposed a new revenue bill that would close the state’s budget gap, but he says the legislature is refusing to accept the measures.

Governor Paterson says he's not negotiating as he delivers vetoes to the legislature on Wednesday.

Hours before the state's final budget bill was to be voted on, New York's Senate has shelved it until after the July 4th holiday.

New York Governor David Paterson sat down with WNYC's Karen DeWitt to discuss the state's delayed budget, his lobbying trip to Washington and how he expects to actually sign 6,900 vetoes of the legislature's proposed member items.

The City Council has approved the plan Mayor Bloomberg and Council Speaker Christine Quinn agreed to last week.

New York Gov. David Paterson has vetoed over $400 million in additional spending out of the legislature’s budget, saying lawmakers had engaged in “gimmicks” and “chicanery.”

Leaders of the world'd 20 largest economies pledged to slash budget deficits in half by 2013 and balance their budgets by 2015, even while they downplayed national differences in their fiscal strategies.

There will be layoffs, but not as many as originally planned.

A proposal to eliminate New York State's annual exams in social studies for elementary and middle school students will be considered Monday by a Board of Regents committee.

This week Gov. Paterson imposed a June 28 deadline on the legislature to come up with a budget deal.

Governor David Paterson is releasing his next round of cuts in several budget bills.

The New York Legislature passed an emergency spending bill Monday night that gives the state enough money to keep running - and averted a government shutdown.